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Belt and Road

Belt and Road provides exporters with a brief analysis of political and economic risks for the countries under the Belt and Road Initiative.
Flag and map of Oman

 
Key Information
Capital   Muscat
Population   462 million
Area   309,500 sq km
Currency   Omani Rial (pegged to the US dollar at 1 USD = 0.3845 OMR)
Official language   Arabic
Ease of doing business by World Bank   # 68 out of 190 in 2020 (↑10)
The Global Competitiveness Index by the World Economic Forum   # 53 out of 141 in 2019 (↓6)
Logistics Performance Index by World Bank   # 43 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (39.6%)   United Arab Emirates (46.5%)
Saudi Arabia (10.3%)   India (7.0%)
United Arab Emirates (7.1%)   China (5.5%)

Sources: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Oman Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Oman increased by 1.8% from HK$1,245 million in 2018 to HK$1,267 million in 2019. The top three export categories to Oman were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-9.9%), (2) power generating machinery and equipment (-12.2%), and (3) office machines and automatic data processing machines (-39.5%), which represented 60.4% of total exports to Oman.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Omani buyers. The Corporation’s underwriting experience on Oman has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from January 2020 to December 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 29 January 2021

 

       
Flag and map of Kazakhstan

 
Key Information
Capital   Astana
Population   18.5 million
Area   2,717,300 sq km
Currency   Kazakhstani Tenge (1 USD = 419.095 KZT as of 18 December 2020)
Official language   Kazakh, Russian
Ease of doing business by World Bank   # 25 out of 190 in 2020 (↑3)
The Global Competitiveness Index by the World Economic Forum   # 55 out of 141 in 2019 (↑4)
Logistics Performance Index by World Bank   # 71 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Mineral products (74.6%)   Machinery & transport equipment (40.3%)
Metals (13.6%)   Chemicals (15.9%)
Food products (5.0%)   Metals (12.5%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Italy (14.4%)   Russia (35.4%)
China (13.5%)   China (16.5%)
Russia (9.6%)   South Korea (8.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Kazakhstan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Kazakhstan decreased by 9.4% from HK$1,604 million in 2018 to HK$1,454 million in 2019. The top three export categories to Kazakhstan were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-3.8%), (2) office machines and automatic data processing machines (-35.1%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (+32.6%), which represented 95.2% of total exports to Kazakhstan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Kazakhstan buyers. In the past 12 months (from January 2020 to December 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 2 January 2020

           
Flag and map of Jordan

 
Key Information
Capital   Amman
Population   10.8 million
Area   89,206 sq km
Currency   Jordanian dinar (pegged to the US dollar at 1 USD = 0.709 JOD)
Official language   Arabic
Ease of doing business by World Bank   # 75 out of 190 in 2020 (↑29)
The Global Competitiveness Index by the World Economic Forum   # 70 out of 141 in 2019 (↑3)
Logistics Performance Index by World Bank   # 84 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Manufactured goods (32.7%)   Machinery & transport equipment (28.8%)
Chemicals (20.2%)   Manufactured goods (18.0%)
Food & live animals (12.9%)   Food & live animals (17.7%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (27.4%)   Saudi Arabia (16.0%)
Saudi Arabia (10.8%)   China (15.9%)
India (10.0%)   USA (8.2%)

Source: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Jordan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Jordan increased by 2.5% from HK$1.76 billion in 2018 to HK$1.80 billion in 2019. The top three export categories to Jordan were: (1) telecommunications, audio & video equipment (-24.0%), (2) textile yarn, fabrics, made-up articles, and related products (-1.5%), and (3) photographic apparatus, equipment and supplies and optical goods; watches and clocks (+18.4%), which represented 62.9% of total exports to Jordan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Jordan buyers. In the past 12 months (from January 2020 to December 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 2 January 2021

            
Flag and map of Suriname

 
Key Information
Capital   Paramaribo
Population   0.6 million
Area   163,820 sq km
Currency   Suriname dollar (1 USD = 14.1526 SRD as of 26 November 2020)
Official language   Dutch
Ease of doing business by World Bank   # 162 out of 190 in 2020 (↑3)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
UAE (61.3%)   USA (28.8%)
Belgium (13.8%)   Netherlands (15.9%)
Brazil (4.0%)   China (11.3%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Suiname Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Suriname decreased by 2.4% from HK$41.8 million in 2018 to HK$40.8 million in 2019. The top three export categories to Suriname were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-11.3%), (2) miscellaneous edible products and preparations (+1.4%), and (3) medicinal and pharmaceutical products (+54.1%), which represented 74.3% of total exports to Suriname.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Suriname buyers. In the past 12 months (from November 2019 to October 2020), there was no insured business on Suriname.

 

Please click here to download the charts (PDF format).

 

Last update: 26 November 2020

           
Flag and map of Ecuador

 
Key Information
Capital   Quito
Population   16.9 million
Area   276,840 sq km
Currency   US Dollar
Official language   Spanish
Form of government   Presidential republic
Ease of doing business by World Bank   # 129 out of 190 in 2020 (↓3)
The Global Competitiveness Index by the World Economic Forum   # 90 out of 141 in 2019 (↓4)
Logistics Performance Index by World Bank   # 62 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Oil & oil products (38.9%)   Raw materials (30.8%)
Shrimp (17.4%)   Capital goods (23.8%)
Banana & plantain (14.8%)   Fuel & lubricants (21.1%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (30.0%)   USA (23.3%)
China (13.0%)   China (16.5%)
Peru (6.7%)   Colombia (8.3%)

Source: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Ecuador Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Ecuador decreased by 33.5% from HK$1.10 billion in 2018 to HK$0.73 billion in 2019. The top three export categories to Ecuador were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-34.5%), (2) office machines and automatic data processing machines (-62.2%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (-25.1%), which represented 79.5% of total exports to Ecuador.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Ecuadorian buyers. In the past 12 months (from November 2019 to October 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 26 November 2020

              
Flag and map of Togo

 
Key Information
Capital   Lome
Population   8.3 million
Area   56,785 sq km
Currency   West African CFA franc (fixed to the Euro at 1 EUR = 655.957 XOF)
Official language   French
Ease of doing business by World Bank   # 97 out of 190 in 2020 (↑40)
Logistics Performance Index by World Bank   # 118 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Burkina Faso (12.3%)   China (12.8%)
Benin (10.3%)   France (8.1%)
India (9.9%)   USA (6.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

 

Hong Kong – Togo Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Togo increased by 36.5% from HK$2.41 billion in 2018 to HK$3.29 billion in 2019. The top three export categories to Togo were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+37.4%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (-60.4%) and (3) office machines and automatic data processing machines (+165.7%), which represented 99.6% of total exports to Togo.

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Togolese buyers. In the past 12 months (from November 2019 to October 2020), there was no insured business on Togo.

 

Please click here to download the charts (PDF format).

 

Last update: 24 November 2020

       
Flag and map of Seychelles

 
Key Information
Capital   Victoria
Population   0.1 million
Area   455 sq km
Currency   Seychelles Rupee (1 USD = 20.5447 SCR as of 20 November 2020)
Official language   Creole, English, French
Form of government   Unitary Republic
Ease of doing business by World Bank   # 100 out of 190 in 2020 (↓4)
The Global Competitiveness Index by the World Economic Forum   # 78 out of 141 in 2019 (↓2)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
UAE (42.5%)   UAE (35.4%)
United Kingdom (17.1%)   Qatar (22.2%)
France (14.4%)UK (15.1%)   France (12.7%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Seychelles Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Seychelles decreased by 53.7% from HK$29.4 million in 2018 to HK$13.6 million in 2019. The top three export categories to Seychelles were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+4.0%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (-76.0%), and (3) cereals and cereal preparations (+2.2%), which represented 57.5% of total exports to Seychelles.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Seychelles buyers. In the past 12 months (from November 2019 to October 2020), there was no insured business on Seychelles.

 

Please click here to download the charts (PDF format).

 

Last update: 20 November 2020

            
Flag and map of Tanzanian

 
Key Information
Capital   Dodoma
Population   58.0 million
Area   883,749 sq km
Currency   Tanzanian Shilling (1 USD= 2,319.42 TZS as of 20 November 2020)
Official language   Swahili, English
Ease of doing business by World Bank   # 141 out of 190 in 2020 (↑3)
The Global Competitiveness Index by the World Economic Forum   # 117 out of 141 in 2019 (↓1)
 
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
South Africa (18.4%)   China (21.2%)
India (14.9%   India (16.6%)
UAE (9.6%)   Japan (8.9%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Tanzania Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Tanzania increased by 11.5% from HK$680 million in 2018 to HK$758 million in 2019. The top three export categories to Tanzania were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+12.1%), (2) office machines and automatic data processing machines (-16.6%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (-21.6%), which represented 95.3% of total exports to Tanzania.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Tanzanian buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from November 2019 to October 2020), there was no insured business on Tanzania.

 

Please click here to download the charts (PDF format).

 

Last update: 20 November 2020

             
Flag and map of Malta

 
Key Information
Capital   Valletta
Population   0.5 million
Area   316 sq km
Currency   Euro (1 EUR = 1.186 USD as of 18 November 2020)
Official language   Maltese and English
Ease of doing business by World Bank   # 88 out of 190 in 2020 (↓4)
The Global Competitiveness Index by the World Economic Forum   # 38 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 69 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Germany (15.5%)    UK (18.7%)
France (8.3%)   Italy (16.6%)
Italy (7.4%)   Germany (6.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Malta Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Malta decreased by 15.5% from HK$143 million in 2018 to HK$121 million in 2019. The top three export categories to Malta were: (1) electrical machinery, apparatus and appliances and electrical parts thereof (+7.7%), (2) office machines and automatic data processing machines (+23.3%), and (3) non-metallic mineral manufactures (+64.7%), which represented 55.1% of total exports to Malta.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Malta buyers. In the past 12 months (from November 2019 to October 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 18 November 2020

          
Flag and map of Portugal

 
Key Information
Capital   Lisbon
Population   10.3 million
Area   91,906 sq km
Currency   Euro (1 EUR = 1.186 USD as of 18 November 2020)
Official language   Portuguese
Ease of doing business by World Bank   # 39 out of 190 in 2020 (↓5)
The Global Competitiveness Index by the World Economic Forum   # 34 out of 141 in 2019 (-)
Logistics Performance Index by World Bank   # 23 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Machinery & transport equipment (30.2%)   Machinery & transport equipment (33.8%)
Food, drinks & tobacco (10.5%)   Chemicals and related products (13.4%)
Chemicals & related products (9.0%)   Food, drinks & tobacco (12.1%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Spain (24.9%)   Spain (30.5%)
France (13.0%)   Germany (13.4%)
Germany (12.0%)     France (9.8%)

 

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Portugal Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Portugal decreased by 15.8% from HK$2.94 billion in 2018 to HK$2.48 billion in 2019. The top three export categories to Portugal were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-29.7%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (+5.6%), and (3) office machines and automatic data processing machines (-11.0%), which represented 78.8% of total exports to Portugal.

 


Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Portuguese buyers. The Corporation’s underwriting experience on Portugal has been satisfactory, with one payment difficulty case reported in the past 12 months (November 2019 to October 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 18 November 2020

 

              
Flag and map of Chile

 
Key Information
Capital   Santiago
Population   18.7 million
Area   756,946 sq km
Currency   Chilean Peso (1 USD = 754.76 CLP as of 12 November 2020)
Official language   Spanish
Ease of doing business by World Bank   # 59 out of 190 in 2020 (↓3)
The Global Competitiveness Index by the World Economic Forum   # 33 out of 141 in 2019 (-)
Logistics Performance Index by World Bank   # 34 out of 160 in 2018
Major merchandise exports (% of total, 2018*)   Major merchandise imports (% of total, 2018*)
Copper (47.9%)   Intermediate gods (48.7%)
Fresh fruit (7.6%)   Consumer goods (29.6%)
Salmon & trout (6.3%)   Capital goods (20.2%)
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
China (33.4%)   China (23.0%)
USA (13.9%)   USA (18.5%)
Japan (9.2%)   Brazil (8.9%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Chile Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Chile decreased by 2.8% from HK$5.92 billion in 2018 to HK$5.75 billion in 2019. The top three export categories to Chile were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+0.7%), (2) office machines and automatic data processing machines (-42.4%), and (3) articles of apparel and clothing accessories (+36.5%), which represented 84.8% of total exports to Chile.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Chilean buyers. The Corporation’s underwriting experience on Chile has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from November 2019 to October 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 12 November 2020

     
Flag and map of El Salvador

 
Key Information
Capital   San Salvador
Population   6.4 million
Area   20,720 sq km
Currency   USD and El Salvador Colon (1 USD = 8.75 SVC as of 12 November 2020)
Official language   Spanish
Ease of doing business by World Bank   # 91 out of 190 in 2020 (↓6)
The Global Competitiveness Index by the World Economic Forum   # 103 out of 141 in 2019 (↓5)
Logistics Performance Index by World Bank   # 101 out of 160 in 2018
 
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Non-traditional goods (71.8%)   Intermediate goods (41.2%)
Maquila (21.1%)   Consumer goods (38.4%)
Sugar (2.2%)   Capital goods (15.2%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (42.2%)   USA (30.6%)
Guatemala (16.0%)   China (14.4%)
Honduras (15.9%)   Guatemala (10.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – El Salvador Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to El Salvador increased by 10.9% from HK$588 million in 2018 to HK$652 million in 2019. The top three export categories to El Salvador were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+22.0%), (2) textile yarn, fabrics, made-up articles, and related products (+13.1%), and (3) office machines and automatic data processing machines (-43.2%), which represented 79.6% of total exports to El Salvador.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering El Salvador buyers. In the past 12 months (from November 2019 to October 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 12 November 2020

            
Flag and map of Samoa

 
Key Information
Capital   Apia
Population   0.2 million
Area   2,831 sq km
Currency   Samoan Tala (1 USD = 2.57863 WST as of 12 November 2020)
Official language   English and Samoan
Ease of doing business by World Bank   # 98 out of 190 in 2020 (↓8)
Major merchandise exports (% of total, 2018*)   Major merchandise imports (% of total, 2018*)
Food & live animals (53.4%)   Food & live animals (26.6%)
Mineral fuels & lubricants (25.7%)   Machinery & transport equipment (18.7%)
Beverages & tobacco (6.7%)   Mineral fuels & lubricants (18.5%)
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
Afghanistan (20.5%)   New Zealand (20.8%)
New Zealand (18.5%)   Singapore (19.5%)
USA (7.9%)   USA (11.1%)

Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

* Estimate ^ Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Samoa Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Samoa decreased by 17.8% from HK$22.9 million in 2018 to HK$18.8 million in 2019. The top three export categories to Samoa were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-25.5%), (2) special transactions and commodities not classified according to kind (-27.8%), and (3) prefabricated buildings; sanitary, plumbing, heating and lighting fixtures and fittings (+27200.0%), which represented 85.6% of total exports to Samoa.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Samoan buyers. In the past 12 months (from November 2019 to October 2020), there was no insured business on Samoa.

 

Please click here to download the charts (PDF format).

 

Last update: 12 November 2020

            
Flag and map of Namibia

 
Key Information
Capital   Windhoek
Population   2.49 million
Area   824,269 sq km
Currency   Namibia dollar (1 USD = 15.4794 NAD as of 10 November 2020)
Official language   English
Ease of doing business by World Bank   # 104 out of 190 in 2020 (↑3)
The Global Competitiveness Index by the World Economic Forum   # 94 out of 141 in 2019 (↑6)
Top three export countries (% of total, 2018*)   Top three import countries (% of total, 2018*)
South Africa (17.4%)   South Africa (61.7%)
Belgium (10.7%)   China (5.5%)
Botswana (9.0%)   USA (3.5%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Namibia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Namibia decreased by 51.1% from HK$127.3 million in 2018 to HK$62.3 million in 2019. The top three export categories to Namibia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-65.6%), (2) machinery specialized for particular industries (-), and (3) electrical machinery, apparatus and appliances and electrical parts thereof (+68.8%), which represented 85.1% of total exports to Namibia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Namibia buyers. In the past 12 months (from November 2019 to October 2020), there was no insured business on Namibia.

 

Please click here to download the charts (PDF format).

 

Last update: 10 November 2020

       
Flag and map of Zimbabwe

 
Key Information
Capital   Harare
Population   16.5 million
Area   390,580 sq km
Currency   Zimbabwean Dollar (1 USD = 361.9 ZWD as of 6 November 2020)
Official language   Shona, Ndebele and English
Ease of doing business by World Bank   # 140 out of 190 in 2020 (↑15)
The Global Competitiveness Index by the World Economic Forum   # 127 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 152 out of 160 in 2018
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
South Africa (49.9%)   South Africa (53.2%)
UAE (17.6%)   Zambia (20.6%)
Mozambique (9.4%)   China (3.1%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Zimbabwe Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Zimbabwe decreased by 69.8% from HK$274 million in 2018 to HK$83 million in 2019. The top three export categories to Zimbabwe were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-69.7%), (2) professional, scientific and controlling instruments and apparatus (-34.5%), and (3) office machines and automatic data processing machines (-89.7%), which represented 69.8% of total exports to Zimbabwe.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Zimbabwe buyers with payment terms in Irrevocable Letter of Credit (ILC) with the exception of those under sanctions. In the past 12 months (from November 2019 to October 2020), there was no insured business on Zimbabwe.

 

Please click here to download the charts (PDF format).

 

Last update: 6 November 2020

          
Flag and map of Uganda

 
Key Information
Capital   Kampala
Population   44.3 million
Area   197,000 sq km
Currency   Uganda Shilling (USD 1 = UGX 3,743.96 as of 4 November 2020)
Official language   English
Ease of doing business by World Bank   # 116 out of 190 in 2020 (↑11)
The Global Competitiveness Index by the World Economic Forum   # 115 out of 141 in 2019 (↑2)
Logistics Performance Index by World Bank   # 102 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
UAE (33.9%)   China (16.8%)
Kenya (12.6%)   India (11.4%)
Others (53.5%)   UAE (11.0%)

Source: Economist Intelligence Unit 

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Uganda Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Uganda increased by 7.1% from HK$132 million in 2018 to HK$142 million in 2019. The top three export categories to Uganda were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-12.3%), (2) office machines and automatic data processing machines (+53.9%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (-32.8%), which represented 84.9% of total exports to Uganda.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Uganda buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from November 2019 to October 2020), there was no insured business on Uganda.

 

Please click here to download the charts (PDF format).

 

Last update: 4 November 2020

          
Flag and map of Zambia

 
Key Information
Capital   Lusaka
Population   18.4 million
Area   752,612 sq km
Currency   Zambian Kwacha (1 USD = 20.516 ZMK as of 4 November 2020)
Official language   English
Ease of doing business by World Bank   # 87 out of 190 in 2020 (↑2)
The Global Competitiveness Index by the World Economic Forum   # 120 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 111 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Switzerland (41.3%)   South Africa (30.7%)
China (21.4%)   China (14.1%)
Congo (Democratic Republic) (12.8%)   UAE (10.2%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Zambia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Zambia decreased by 31.4% from HK$491 million in 2018 to HK$337 million in 2019. The top three export categories to Zambia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-24.3%), (2) office machines and automatic data processing machines (-84.1%), and (3) electrical machinery, apparatus and appliances and electrical parts thereof (-51.3%), which represented 95.9% of total exports to Zambia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Zambia with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from November 2018 to October 2019), there was no insured business on Zambia.

 

Please click here to download the charts (PDF format).

 

Last update: 4 November 2020

       
Flag and map of South Sudan

 
Key Information
Capital   Juba
Population   10.6 million
Area   644,329 sq km
Currency   South Sudanese pound (1 USD = 130.26 SSP as of 30 October 2020)
Official language   English and Arabic
Ease of doing business by World Bank   # 185 out of 190 in 2020 (-)

Source: Central Intelligence Agency (CIA)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – South Sudan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to South Sudan increased by 47.0% from HK$11.6 million in 2018 to HK$17.1 million in 2019. The top three export categories to South Sudan were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+35.2%), (2) professional, scientific and controlling instruments and apparatus (+918.0%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (+95.0%), which represented 93.7% of total exports to South Sudan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) currently does not provide cover on South Sudan buyers.

 

Please click here to download the charts (PDF format).

 

Last update: 30 October 2020

       
Flag and map of Nigeria

 
Key Information
Capital   Abuja
Population   201 million
Area   923,773 sq km
Currency   Nigeria Naira (1 USD = 381.906 NGN as of 28 October 2020)
Official language   English
Ease of doing business by World Bank   # 131 out of 190 in 2020 (↑15)
The Global Competitiveness Index by the World Economic Forum   # 116 out of 141 in 2019 (↓1)
Logistics Performance Index by World Bank   # 110 out of 160 in 2018
Major merchandise exports (% of total, 2018*)   Major merchandise imports (% of total, 2018*)
Crude oil (78.3%)   Machinery & transport equipment (26.4%)
Gas (14.2%)   Manufactured goods (13.9%)
Others (7.5%)   Chemicals (11.0%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
India (29.5%)   China (28.4%)
Indonesia (9.1%)   USA (12.7%)
China (7.1%)   Belgium (8.8%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Nigeria Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Nigeria decreased by 8.5% from HK$6.20 billion in 2018 to HK$5.68 billion in 2019. The top three export categories to Nigeria were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-7.6%), (2) office machines and automatic data processing machines (-28.1%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (-8.6%), which represented 97.5% of total exports to Nigeria.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Nigerian buyers. The Corporation’s underwriting experience on Nigeria has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from October 2019 to September 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 28 October 2020

          
Flag and map of Sierra Leone

 
Key Information
Capital   Freetown
Population   7.8 million
Area   71,740 sq km
Currency   Sierra Leone Leone (1 USD = 10,009.15 SLL as of 22 October 2020)
Official language   English
Ease of doing business by World Bank   # 163 out of 190 in 2020 (-)
Logistics Performance Index by World Bank   # 156 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Liberia (2.5%)   China (19.7%)
Côte d'Ivoire (1.9%)   UAE (10.0%)
Kazakhstan (1.4%)   India (8.9%)

Source: Economist Intelligence Unit (EIU)

 

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Sierra Leone Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Sierra Leone decreased by 55.1% from HK$65.2 million in 2018 to HK$29.3 million in 2019. The top three export categories to Sierra Leone were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-62.3%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (-43.7%), and (3) office machines and automatic data processing machines (+5.2%), which represented 82.6% of total exports to Sierra Leone.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Sierra Leone with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from October 2019 to September 2020), there was no insured business on Sierra Leone.

 

Please click here to download the charts (PDF format).

 

Last update: 22 October 2020

     
Flag and map of Kenya

 
Key Information
Capital   Nairobi
Population   47.6 million
Area   569,140 sq km
Currency   Kenya Shilling (1 USD = 108.745 KES as of 22 October 2020)
Official language   English and Kiswahili
Ease of doing business by World Bank   # 56 out of 190 in 2020 (↑5)
The Global Competitiveness Index by the World Economic Forum   # 95 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 68 out of 160 in 2018
Major Merchandise Exports (% of total, 2019)   Major Merchandise Imports (% of total, 2019))
Teas (23.4%)   Industrial supplies (37.0%)
Horticulture (13.9%)   Machinery & other capital equipment (17.6%)
Coffee (3.9%)   Transport equipment (11.5%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Uganda (10.1%)   China (21.0%)
Pakistan (9.7%)   India (10.5%)
Netherlands (7.6%)   South Africa (9.8%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Kenya Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Kenya decreased by 3.5% from HK$1.44 billion in 2018 to HK$1.38 billion in 2019. The top three export categories to Kenya were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+8.6%), (2) office machines and automatic data processing machines (+8.8%), and (3) textile yarn, fabrics, made-up articles, and related products (-10.0%), which represented 86.9% of total exports to Kenya.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Kenya buyers. The Corporation’s underwriting experience on Kenya has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from October 2019 to September 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 22 October 2020

            


 
Key Information
Capital   Saint George's
Population   0.11 million
Area   344 sq km
Currency   East Caribbean Dollar (1 USD = 2.702 XCD as of 20 October 2020)
Official language   English
Ease of doing business 2019 by World Bank   # 146 out of 190 in 2020 (↑1)

Source: World Bank

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Grenada Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Grenada increased by 368.8% from HK$1.7 million in 2018 to HK$8.2 million in 2019. The top three export categories to Grenada were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+2,557.5%), (2) professional, scientific and controlling instruments and apparatus (+494.0%), and (3) electrical machinery, apparatus and appliances and electrical parts thereof (+112.5%), which represented 84.7% of total exports to Grenada.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Grenada with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from October 2019 to September 2020), there was no insured business on Grenada.

 

Please click here to download the charts (PDF format).

 

Last update: 20 October 2020

       
Flag and map of Mozambique

 
Key Information
Capital   Maputo
Population   29.6 million
Area   799,380 sq km
Currency   Metical (1 USD = 72.8066 MZN as of 19 October 2020)
Official language   Portuguese
Ease of doing business by World Bank   # 138 out of 190 in 2020 (↓3)
The Global Competitiveness Index 2018 by the World Economic Forum   # 137 out of 141 in 2019 (↓4)
Top three export countries (% of total, 2019)   Top three import countries (% of total, 2019)
India (21.9%)   South Africa (28.0%)
Netherlands (16.4%)   India (16.6%)
South Africa (14.6%)   China (10.8%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Mozambique Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Mozambique increased by 47.1% from HK$248 million in 2018 to HK$365 million in 2019. The top three export categories to Mozambique were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+40.9%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (+84.4%), and (3) office machines and automatic data processing machines (+218.4%), which represented 95.6% of total exports to Mozambique.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Mozambique buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from October 2019 to September 2020), there was no insured business on Mozambique.

 

Please click here to download the charts (PDF format).

 

Last update: 19 October 2020

          
Flag and map of Ghana

 
Key Information
Capital   Accra
Population   30.4 million
Area   238,537 sq km
Currency   Ghanaian Cedi (1 USD = 5.802 GHS as of 16 October 2020)
Official language   English
Ease of doing business by World Bank   # 118 out of 190 in 2020 (↓4)
The Global Competitiveness Index by the World Economic Forum   # 111 out of 141 in 2019 (↓5)
Logistics Performance Index by World Bank   # 106 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
India (27.1%)   China (16.8%)
China (14.5%)   USA (9.6%)
Switzerland (14.5%)   India (5.1%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

  

Hong Kong – Ghana Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Ghana decreased by 9.1% from HK$858 million in 2018 to HK$779 million in 2019. The top three export categories to Ghana were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-21.7%), (2) professional, scientific and controlling instruments and apparatus (+1,623.7%), and (3) office machines and automatic data processing machines (-29.7%), which represented 87.1% of total exports to Ghana.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Ghanaian buyers. In the past 12 months (from October 2019 to September 2020), there was no insured business on Ghana.

Please click
here to download the charts (PDF format).

 

Last update: 16 October 2020

Flag and map of Cote D'ivoire

 
Key Information
Capital   Yamoussoukro
Population   26.4 million
Area   322,463 sq km
Currency   CFA franc (1 USD = 559.00 XAF as of 15 October 2020)
Official language   French
Ease of doing business by World Bank   # 110 out of 190 in 2020 (↑12)
The Global Competitiveness Index by the World Economic Forum   # 118 out of 141 in 2019 (↓4)
Logistics Performance Index by World Bank   # 50 out of 160 in 2018

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Côte D’Ivoire Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Côte d’Ivoire decreased by 47.0% from HK$329 million in 2018 to HK$175 million in 2019. The top three export categories to Côte d’Ivoire were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-55.2%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (+132.7%), and (3) office machines and automatic data processing machines (-38.3%), which represented 85.9% of total exports to Côte d’Ivoire.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Côte d’Ivoire with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from October 2019 to September 2020), there was no insured business on Côte d’Ivoire.

 

Please click here to download the charts (PDF format).

 

Last update: 15 October 2020

          
Flag and map of Congo

 
Key Information
Capital   Brazzaville
Population   5.4 million
Area   342,000 sq km
Currency   CFA franc (fixed to the Euro at 1 EUR = 655.97 XAF)
Official language   French
Ease of doing business by World Bank   # 180 out of 190 in 2020 (-)
Logistics Performance Index by World Bank   # 115 out of 160 in 2018
Top three export countries (% of total, 2018*)   Top three import countries (% of total, 2018*)
China (68.8%)   Namibia (7.8%)
Angola (11.8%)   France (7.3%)
Cameroon (9.8%)   Angola (6.2%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Congo Verde Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Congo decreased by 27.2% from HK$210 million in 2018 to HK$153 million in 2019. The top three export categories to Congo were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-44.1%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (+44.1%), and (3) office machines and automatic data processing machines (+19.7%), which represented 92.3% of total exports to Congo.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Congo buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from October 2019 to September 2020), there was no insured business on Congo.

 

Please click here to download the charts (PDF format).

 

Last update: 12 October 2020

            
Flag and map of Gabon

 
Key Information
Capital   Libreville
Population   2.1 million
Area   267,667 sq km
Currency   CFA franc (1 USD = 554.49 XAF as of 9 October 2020)
Official language   French
Ease of doing business by World Bank   # 169 out of 190 in 2020 (-)
The Global Competitiveness Index by the World Economic Forum   # 119 out of 141 in 2019 (-)
Logistics Performance Index by World Bank   # 150 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (52.4%)   France (24.0%)
South Korea (7.0%)   Belgium (16.7%)
Ireland (5.0%)   China (12.4%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Gabon Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Gabon decreased by 37.1% from HK$126 million in 2018 to HK$79 million in 2019. The top three export categories to Gabon were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-42.9%), (2) articles of apparel and clothing accessories (+1.2%), and (3) electrical machinery, apparatus and appliances and electrical parts thereof (-5.8%), which represented 86.6% of total exports to Gabon.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Gabon. In the past 12 months (from October 2019 to September 2020), there was no insured business on Gabon.

 

Please click here to download the charts (PDF format).

 

Last update: 9 October 2020

       
Flag and map of Gambia

 
Key Information
Capital   Banjul
Population   2.4 million
Area   11,300 sq km
Currency   Gambian Dalasi (1 USD = 51.754 GMD as of 6 October 2020)
Official language   English
Ease of doing business by World Bank   # 155 out of 190 in 2020 (↓6)
The Global Competitiveness Index by the World Economic Forum   # 124 out of 141 in 2019 (↓5)
Logistics Performance Index by World Bank   # 127 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Mali (44.5%)   Cote d'Ivoire (14.5%)
Guinea-Bissau (17.4%)   India (12.1%)
China (12.4%)   China (10.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Gambia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Gambia increased by 14.2% from HK$13.6 million in 2018 to HK$15.6 million in 2019. The top three export categories to Gambia were: (1) essential oils and resinoids and perfume materials, toilet, polishing and cleansing preparations, (2) telecommunications and sound recording and reproducing apparatus and equipment (-63.4%), and (3) road vehicles (including air-cushion vehicles) (+329.4%), which represented 93.6% of total exports to Gambia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Gambian buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from October 2019 to September 2020), there was no insured business on Gambia.

 

Please click here to download the charts (PDF format).

 

Last update: 9 October 2020

          
Flag and map of Chad

 
Key Information
Capital   N'Djamena
Population   15.9 million
Area   1,284,000 sq km
Currency   CFA franc (fixed to the Euro at 1 EUR = 655.97 XAF)
Official language   French and Chadian Arabic
Ease of doing business by World Bank   # 182 out of 190 in 2020 (↓1)
The Global Competitiveness Index by the World Economic Forum   # 141 out of 141 in 2019 (-)
Logistics Performance Index by World Bank   # 123 out of 160 in 2018
Top three export countries (% of total, 2019)   Top three import countries (% of total, 2019)
China (31.8%)   China (28.3%)
UAE (21.5%)   Cameroon (10.9%)
India (18.5%)   France (10.1%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Chad Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Chad increased by 51.6% from HK$109 million in 2018 to HK$165 million in 2019. The top three export categories to Chad were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+73.2%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (+109.5%), and (3) office machines and automatic data processing machines (-88.7%), which represented 98.5% of total exports to Chad.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Chad buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from October 2019 to September 2020), there was no insured business on Chad.

 

Please click here to download the charts (PDF format).

 

Last update: 8 October 2020

       
Flag and map of Carmeroon

 
Key Information
Capital   Yaoundé
Population   25.9 million
Area   475,442 sq km
Currency   CFA franc (1 USD = 561.95 XAF as of 7 October 2020)
Official language   French and English
Ease of doing business by World Bank   # 167 out of 190 in 2020 (↓1)
The Global Competitiveness Index by the World Economic Forum   # 123 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   ## 95 out of 160 in 2018
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
China (19.1%)   China (18.8%)
Italy (16.0%)   France (8.6%)
Netherlands (10.7%)   Nigeria (5.0%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast

Source: International Monetary Fund (IMF)


Hong Kong – Cameroon Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Cameroon decreased by 17.9% from HK$664 million in 2018 to HK$545 million in 2019. The top three export categories to Cameroon were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-25.0%), (2) office machines and automatic data processing machines (-15.1%), and (3) electrical machinery, apparatus and appliances and electrical parts thereof (+241.1%), which represented 90.9% of total exports to Cameroon.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Cameroon. The Corporation’s underwriting experience on Cameroon has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from October 2019 to September 2020).



Please click
here to download the charts (PDF format).

 

Last update: 7 Oct 2020

Flag and map of Burundi

 
Key Information
Capital   Bujumbura
Population   11.5 million
Area   26,338 sq km
Currency   Burundi franc (1 USD = 1,929.9 BIF as of 7 October 2020)
Official language   Kirundi and French
Ease of doing business by World Bank   # 166 out of 190 in 2020 (↑2)
The Global Competitiveness Index by the World Economic Forum   # 135 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 145 out of 160 in 2018
Major merchandise exports (% of total, 2018*)   Major merchandise imports (% of total, 2018*)
Food (76.8%)   Manufactured goods (61.2%)
Ores and metals (12.8%)   Fuel (19.5%)
Manufactured goods (10.3%)   Food (16.7%)
Top three export markets (% of total, 2018*)    Top three import markets (% of total, 2018*)
UAE (62.5%)   China (15.7%)
Congo (Democratic Republic) (7.2%)   Saudi Arabia (14.9%)
Switzerland (4.7%)   UAE (6.3%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

Hong Kong – Burundi Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Burundi decreased by 48.1% from HK$30.9 million in 2018 to HK$16.0 million in 2019. The top three export categories to Burundi were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-54.8%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (+103.8%), and (3) professional, scientific and controlling instruments and apparatus (-41.3%), which represented 88.8% of total exports to Burundi.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Burundian buyers with payment terms in Irrevocable Letter of Credit (ILC), with the exception of those under sanctions. In the past 12 months (from October 2019 to September 2020), there was no insured business on Burundi.

 

Please click here to download the charts (PDF format).

 

Last update: 7 October 2020

 

       
Flag and map of Angola

 
Key Information
Capital   Luanda
Population   29.8 million
Area   1,246,700 sq km
Currency   Angola Kwanza (1 USD = 634.3 AOA as of 7 October 2020)
Official language   Portuguese
Ease of doing business by World Bank   # 168 out of 190 in 2020 (↑5)
The Global Competitiveness Index by the World Economic Forum   # 136 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 85 out of 160 in 2018
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
China (59.6%)   China (16.1%)
India (9.3%)   Portugal (15.2%)
USA (3.0%)   Belgium (6.8%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Angola Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Angola increased by 4.6% from HK$246 million in 2018 to HK$257 million in 2019. The top three export categories to Angola were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-0.1%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (+55.7%), and (3) office machines and automatic data processing machines (-11.7%), which represented 92.4% of total exports to Angola.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Angolan buyers. In the past 12 months (from October 2019 to September 2020), there was no insured business on Angola.

 

Please click here to download the charts (PDF format).

 

Last update: 7 October2020

        
Flag and map of Cabo Verde

 
Key Information
Capital   Praia
Population   0.6 million
Area   4,033 sq km
Currency   Cabo Verde escudo (1 USD = 94.51 CVE as of 5 October 2020)
Official language   Portuguese
Ease of doing business by World Bank   # 137 out of 190 in 2020 (↓6)
The Global Competitiveness Index by the World Economic Forum   # 112 out of 141 in 2019 (↓1)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Spain (64.7%)   Portugal (40.7%)
Portugal (12.9%)   Netherlands (16.1%)
Italy (11.3%)   Belgium (8.9%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Cabo Verde Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Cabo Verde decreased by 25.4% from HK$11.0 million in 2018 to HK$8.2 million in 2019. The top three export categories to Cabo Verde were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-16.8%), (2) office machines and automatic data processing machines (-81.0%), and (3) special transactions and commodities not classified according to kind (+92.0%), which represented 99.0% of total exports to Cabo Verde.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Cabo Verdeans buyers. In the past 12 months (from October 2019 to September 2020), there was no insured business on Cabo Verde.

 

Please click here to download the charts (PDF format).

 

Last update: 5 October 2020

          
Flag and map of Dominica

 
Key Information
Capital   Roseau
Population   0.07 million
Area   751 sq km
Currency   East Caribbean Dollar (fixed rate with USD, 1 USD = 2.70 XCD)
Official language   English, French Patois
Ease of doing business by World Bank   # 111 out of 190 in 2020 (↓8)

Source: CIA – The World Factbook

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Dominica buyers. In the past 12 months (from September 2019 to August 2020), there was no insured business on Dominica.

 

Please click here to download the charts (PDF format).

 

Last update: 9 Sep 2020

        
Flag and map of Djibouti

 
Key Information
Capital   Djibouti
Population   0.96 million
Area   23,200 sq km
Currency   Djibouti Franc (1 USD = 177.784 DJF as of 7 September 2020)
Official language   French and Arabic
Ease of doing business by World Bank   # 112 out of 190 in 2020 (↓13)
Logistics Performance Index by World Bank   # 90 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Ethiopia (41.3%)   France (18.7%)
Somalia (13.5%)   China (12.4%)
Brazil (11.1%)   Saudi Arabia (11.7%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Djibouti Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Djibouti decreased by 40.2% from HK$32.97 million in 2018 to HK$19.73 million in 2019. The top three export categories to Djibouti were: (1) textile yarn, fabrics, made-up articles, and related products (+54.3%), (2) telecommunications and sound recording and reproducing apparatus and equipment (-45.0%), and (3) professional, scientific and controlling instruments and apparatus (-53.1%), which represented 60.2% of total exports to Djibouti.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Djibouti.
In the past 12 months (from September 2019 to August 2020), there was no insured business on Djibouti.

 

Please click here to download the charts (PDF format).

 

Last update: 7 September 2020

        
Flag and map of Algeria

 
Key Information
Capital   Algiers
Population   42.2 million
Area   2,381,741 sq km
Currency   Algerian dinar (1 USD = 128.018 DZD as of 7 September 2020)
Official language   Arabic
Ease of doing business by World Bank   # 157 out of 190 in 2020 (-
The Global Competitiveness Index by the World Economic Forum   # 89 out of 141 in 2019 (↑3)
Logistics Performance Index by World Bank   # 117 out of 160 in 2018
Major Merchandise Exports (% of total, 2018*)   Major Merchandise Imports (% of total, 2018*)
Hydrocarbons (93.2%)   Capital goods (28.9%)
Semi-finished goods (5.4%)   Semi-finished goods (23.6%)
Others (1.4%)   Food (18.4%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Italy (19.7%)   China (13.7%)
Spain (16.8%)   France (9.3%)
France (10.4%)    South Africa (6.1%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Algeria Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Algeria decreased by 10.8% from HK$1.51 billion in 2018 to HK$1.35 billion in 2019. The top three export categories to Algeria were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-1.0%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (+7.0%), and (3) professional, scientific and controlling instruments and apparatus (+75.3%), which represented 92.5% of total exports to Algeria.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Algeria. The Corporation’s underwriting experience on Algeria has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from September 2019 to August 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 7 Sep 2020

 

       
Flag and map of Mauritania

 
Key Information
Capital   Nouakchott
Population   4.4 million
Area   1,030,700 sq km
Currency   Ouguiya (1 USD = 379.22 MRO as of 28 August 2020)
Official language   Arabic
Ease of doing business by World Bank   # 152 out of 190 in 2020 (↓4)
The Global Competitiveness Index by the World Economic Forum   # 134 out of 141 in 2019 (↓3)
Logistics Performance Index by World Bank   # 135 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (24.1%)   South Korea (16.0%)
Eswatini (8.9%)   Norway (7.3%)
Mali (8.2%)   UAE (6.0%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Mauritania Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Mauritania increased by 93.3% from HK$14.5 million in 2018 to HK$28.0 million in 2019. The top three export categories to Mauritania were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+125.5%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (-1.9%), and (3) special transactions and commodities not classified according to kind (+154.6%), which represented 96.3% of total exports to Mauritania.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Mauritanian buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from August 2019 to July 2020), there was no insured business on Mauritania.

 

Please click here to download the charts (PDF format).

 

Last update: 28 August 2020

          
Flag and map of Guinea

 
Key Information
Capital   Conakry
Population   12.8 million
Area   245,857 sq km
Currency   Guinean franc (1 USD = 9,659.11 GNF as of 27 August 2020)
Official language   French
Ease of doing business by World Bank   # 156 out of 190 in 2020 (↓4)
The Global Competitiveness Index by the World Economic Forum   # 122 out of 141 in 2019 (↑4)
Logistics Performance Index by World Bank   # 145 out of 160 in 2018
Major merchandise exports (% of total, 2018*)   Major merchandise imports (% of total, 2018*)
Bauxite (61.1%)   Capital goods (65.0%)
Gold (31.8%)   Intermediate goods (15.2%)
Diamonds (3.6%)    Petroleum products (12.3%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (65.7%)   China (13.6%)
Ghana (7.2%)   India (9.0%)
Switzerland (6.2%)   Netherlands (7.2%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



  Hong Kong – Guinea Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Guinea decreased by 26.2% from HK$194.3 million in 2018 to HK$143.3 million in 2019. The top three export categories to Guinea were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-19.6%), (2) power generating machinery and equipment (-29.8%), and (3) electrical machinery, apparatus and appliances and electrical parts thereof (-9.4%), which represented 92.9% of total exports to Guinea.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Guinean buyers with payment terms in Irrevocable Letter of Credit (ILC), with the exception of those under sanctions. In the past 12 months (from August 2019 to July 2020), there was no insured business on Guinea.

 

Please click here to download the charts (PDF format).

 

Last update: 27 August 2020


       
Flag and map of Costa Rica

 
Key Information
Capital   San Jose
Population   5.1 million
Area   51,100 sq km
Currency   Costa Rican colon (1 USD = 593.695 CRC as of 21 August 2020)
Official language   Spanish
Ease of doing business by World Bank   # 74 out of 190 in 2020 (↓7)
The Global Competitiveness Index by the World Economic Forum   # 62 out of 141 in 2019 (↓7)
Logistics Performance Index by World Bank   # 85 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Medical & dental instruments & supplies (28.6%)   Machinery (5.7%)
Bananas (8.7%)   Pharmaceutical & medical products (5.3%)
Pineapples (8.5%)   Gasoline (4.9%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (42.3%)   USA (38.4%)
Belgium (6.3%)   China (13.2%)
Netherlands (6.1%)   Mexico (6.8%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Costa Rica Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Costa Rica decreased by 7.5% from HK$1.30 billion in 2018 to HK1.20 billion in 2019. The top three export categories to Costa Rica were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-14.4%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (+44.0%), and (3) office machines and automatic data processing machines (-0.2%), which represented 89.7% of total exports to Costa Rica.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Costa Rica. The Corporation’s underwriting experience on Costa Rica has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from August 2019 to July 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 21 August 2020

          
Flag and map of Somalia

 
Key Information
Capital   Mogadishu
Population   15.44 million
Area   637,600 sq km
Currency   Somali Shilling (1 USD = 577.48 SOS as of 14 August 2020)
Official language   Somali, Arabic
Ease of doing business by World Bank   # 190 out of 190 in 2020 (-)
Logistics Performance Index by World Bank   # 144 out of 160 in 2018
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*))
Oman (26.7%)   China (17.9%)
UAE (24.6%)   India (17.6%)
Saudi Arabia (15.9%)   Ethiopia (13.6%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

Hong Kong – Somalia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Somalia increased by 14.3% from HK$40.3 million in 2018 to HK$46.0 million in 2019. The top three export categories to Somalia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+27.5%), (2) professional, scientific and controlling instruments and apparatus (+38.2%), and (3) essential oils and resinoids and perfume materials; toilet, polishing and cleansing preparations (+377.1%), which represented 93.0% of total exports to Somalia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Somalia’s buyers with payment terms in Irrevocable Letter of Credit (ILC), with the exception of those under sanctions. In the past 12 months (from August 2019 to July 2020), there was no insured business on Somalia.

 

Please click here to download the charts (PDF format).

 

Last update: 14 August 2020

         
Flag and map of Thailand

 
Key Information
Capital   Athens
Population   10.8 million
Area   131,957 sq km
Currency   Euro (1 USD = 0.8452 EUR as of 13 August 2020)
Official language   Greek
Ease of doing business by World Bank   # 79 out of 190 in 2020 (↓7)
The Global Competitiveness Index by the World Economic Forum   # 59 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 42 out of 160 in 2018
Major Merchandise Exports (% of total, 2019)   Major Merchandise Imports (% of total, 2019)
Mineral fuels, lubricants & related materials (31.5%)   Mineral fuels, lubricants & related materials (26.9%)
Food, drinks & tobacco (16.4%)   Machinery & transport equipment (18.8%)
Chemicals & related products (12.2%)   Chemicals & related products (15.5%)
Top three export countries (% of total, 2019)   Top three import countries (% of total, 2019)
Italy (10.9%)   Germany (11.1%)
Germany (6.8%)    Iraq (8.7%)
Turkey (6.1%)   Russia (8.2%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Greece Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Greece decreased by 12.8% from HK$1.40 billion in 2018 to HK$1.22 billion in 2019. The top three export categories to Greece were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-8.6%), (2) office machines and automatic data processing machines (-31.5%), and (3) electrical machinery, apparatus and appliances and electrical parts thereof (+1.1%), which represented 71.8% of total exports to Greece.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Greek buyers. The Corporation’s underwriting experience on Greece has been satisfactory, with no claim payment or payment difficulty case reported in the past 12 months (from August 2019 to July 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 13 August 2020

.

     
Flag and map of Philippines

 
Key Information
Capital   Manila
Population   106.7 million
Area   300,179 sq km
Currency   Philippine Peso (1 USD = 48.9608 PHP as of 12 August 2020)
Official language   Filipino and English
Ease of doing business by World Bank   # 95 out of 190 in 2020 (↑29)
The Global Competitiveness Index by the World Economic Forum   # 64 out of 141 in 2019 (↓8)
Logistics Performance Index by World Bank   # 60 out of 160 in 2018
 
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Electronics (56.7%)   Raw materials & intermediate goods (34.9%)
Mineral products (6.5%)   Capital goods (29.2%)
Machinery & transport equipment (5.9%)   Consumer goods (16.6%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (16.3%)   China (22.1%)
Japan (15.3%)   Japan (9.3%)
Hong Kong (13.6%)   South Korea (7.3%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Philippines Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Philippines increased by 17.3% from HK$30.28 billion in 2018 to HK$35.50 billion in 2019. The top three export categories to Philippines were: (1) office machines and automatic data processing machines (+13.4%), (2) telecommunications and sound recording and reproducing apparatus and equipment (+43.9%), and (3) electrical machinery, apparatus and appliances and electrical parts thereof (+0.3%), which represented 72.9% of total exports to Philippines.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Philippine buyers. The Corporation’s underwriting experience on Philippines has been satisfactory, with no claim payment or payment difficulty case reported in the past 12 months (from August 2019 to July 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 12 August 2020

       
Flag and map of Bangladesh

 
Key Information
Capital   Dhaka
Population   163.1 million
Area   147,570 sq km
Currency   Bangladeshi Taka (1 USD = 848.154 BDT as of 11 August 2020)
Official language   Bangla
Ease of doing business by World Bank   # 168 out of 190 in 2020 (↑9)
The Global Competitiveness Index by the World Economic Forum   # 105 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 100 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Readymade garments (71.8%)   Petroleum products (11.7%)
Jute products (2.0%)   Textiles (8.8%)
Leather products (1.2%)    Capital machinery (8.7%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (12.8%)   China (24.0%)
Germany (12.7%)   India (12.5%)
United Kingdom (8.5%)   Singapore (4.9%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Bangladesh Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Bangladesh decreased by 24.6% from HK$14.30 billion in 2018 to HK$10.78 billion in 2019. The top three export categories to Bangladesh were: (1) textile yarn, fabrics, made-up articles and related products (-15.8%), (2) telecommunications and sound recording and reproducing apparatus and equipment (-7.2%), and (3) articles of apparel and clothing accessories (-8.2%), which represented 63.4% of total exports to Bangladesh.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Bangladeshi buyers. The Corporation’s underwriting experience on Bangladesh has been satisfactory, with no claim payment or payment difficulty case reported in the past 12 months (from August 2019 to July 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 11 August 2020

        
Flag and map of Kyrgyzstan

 
Key Information
Capital   Bishkek
Population   5.9 million
Area   198,500 sq km
Currency   Kyrgystani Som (1 USD = 76.9118 KGS as of 7 August 2020)
Official language   Kyrgyz and Russian
Ease of doing business by World Bank   # 80 out of 190 in 2020 (↓10)
The Global Competitiveness Index by the World Economic Forum   # 96 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 108 out of 160 in 2018
Major merchandise exports (% of total, 2018*)   Major merchandise imports (% of total, 2018*)
Precious metals & stones (37.2%)   Machinery & equipment (14.5%)
Mineral products (15.9%)   Mineral products (12.6%)
Textiles (10.2%)   Chemicals (7.8%)
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
United Kingdom (36.5%)   Kazakhstan (36.7%)
Russia (15.3%)   Russia (23.1%)
Kazakhstan (15.1%)   Turkey (9.2%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Kyrgyzstan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Kyrgyzstan increased by 77.1% from HK$153 million in 2018 to HK$271 million in 2019. The top three export categories to Kyrgyzstan were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+103.7%), (2) photographic apparatus, equipment and supplies and optical goods; watches and clocks (-3.9%), and (3) office machines and automatic data processing machines (+16.1%), which represented 96.5% of total exports to Kyrgyzstan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Kyrgyzstani buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from August 2019 to July 2020), there was no insured business on Kyrgyzstan.

 

Please click here to download the charts (PDF format).

 

Last update: 7 August 2020

          
Flag and map of Uruguay

 
Key Information
Capital   Montevideo
Population   3.5 million
Area   176,065 sq km
Currency   Uruguayan Peso (1 USD = 42.449 UYU as of 5 August 2020)
Official language   Spanish
Ease of doing business by World Bank   # 101 out of 190 in 2020 (↓6)
The Global Competitiveness Index by the World Economic Forum   # 54 out of 141 in 2019 (↓1)
Logistics Performance Index by World Bank   # 85 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (25.6%)   Brazil (20.7%)
Brazil (14.6%)   China (18.1%)
USA (5.9%)   Argentina (12.1%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Uruguay Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Uruguay increased by 19.6% from HK$712 million in 2018 to HK$852 million in 2019. The top three export categories to Uruguay were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+16.5%), (2) office machines and automatic data processing machines (+52.4%), and (3) tobacco and tobacco manufactures (+77.5%), which represented 80.4% of total exports to Uruguay.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Uruguay. The Corporation’s underwriting experience on Uruguay has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from August 2019 to July 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 5 August 2020

        
Flag and map of Palestine

 
Key Information
Population   5.0 million
Area   West Bank: about 5,800 sq km; Gaza Strip: 365 sq km
Currency   Israeli New Shekel (ILS), Jordanian Dinar (JOD)
(As of 4 August 2020, 1 USD = 3.40412 USD, 1 USD = 0.709 JOD)
Official language   Arabic
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Israel (84.2%)   Israel (55.6%)
Jordan (5.8%)   Jordan (2.9%)
UAE (2.2%)   Saudi Arabia (1.3%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

 

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Palestine with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from August 2019 to July 2020), there was no insured business on Palestine.

 

Please click here to download the charts (PDF format).


Last update: 4 August 2020

           
Flag and map of Thailand

 
Key Information
Capital   Georgetown
Population   0.78 million
Area   214,969 sq km
Currency   Guyana Dollar (1 USD = 209.163 GYD as of 31 July 2020)
Official language   English
Ease of doing business by World Bank   # 134 out of 190 in 2020 (-)
Logistics Performance Index by World Bank   # 132 out of 160 in 2018
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
Canada (28.9%)   Trinidad and Tobago (40.9%)
USA (14.7%)   USA (36.9%)
Trinidad and Tobago (11.8%)   China (12.4%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund
(IMF)

 

Hong Kong – Guyana Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Guyana increased by 50.7% from HK$ 10.97 million in 2018 to HK$ 16.53 million in 2019. The top three export categories to Guyana were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+848.5%), (2) office machines and automatic data processing machines (+1,311.9%), and (3) medicinal and pharmaceutical products (+1,131.2%), which represented 65.8% of total exports to Guyana.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Guyana with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from July 2019 to June 2020), there was no insured business on Guyana.

 

Please click here to download the charts (PDF format).

 

Last update: 31 July 2020

       
Flag and map of Thailand

 
Key Information
Capital   Cairo
Population   98.9 million
Area   997,739 sq km
Currency   Egyptian pound (1 USD = 15.9683 EGP as of 29 July 2020)
Official language   Arabic
Ease of doing business by World Bank   # 114 out of 190 in 2020 (↑6)
The Global Competitiveness Index by the World Economic Forum   # 93 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 67 out of 160 in 2018
Major Merchandise Exports (% of total, 2019)   Major Merchandise Imports (% of total, 2019)
Oil & natural gas (40.6%)   Machinery & equipment (17.5%)
Food (11.8%)   Oil & natural gas (17.3%)
Cotton & other textiles (9.9%)   Chemicals (9.5%)
Top three export countries (% of total, 2019)   Top three import countries (% of total, 2019)
USA (6.9%)   China (15.2%)
UAE (6.4%)   USA (6.6%)
Turkey (5.4%)   Saudi Arabia (6.6%)

 

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Egypt Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Egypt increased by 23.7% from HK$7.0 billion in 2018 to HK$8.6 billion in 2019. The top three export categories to Egypt were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+21.5%), (2) office machines and automatic data processing machines (+19.1%), and (3) power generating machinery and equipment (+113.8%), which represented 90.9% of total exports to Egypt.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Egyptian buyers with the exception of those under sanctions. The Corporation’s underwriting experience on Egypt has been satisfactory, with no claim payment or payment difficulty case reported in the past 12 months (from July 2019 to June 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 29 July 2020

 

       
Flag and map of Niue

 
Key Information
Capital   Alofi
Population   2,000
Area   260 sq km
Currency   New Zealand dollar (1 USD = 1.52774 NZD as of 21 July 2020)
Official language   English, Niuean

Sources: The World Factbook

Political Highlights 

 

 

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Niue. In the past 12 months (from July 2019 to June 2020), there was no insured business on Niue..

 

Please click here to download the charts (PDF format).

 

Last update: 21 July 2020

         
Flag and map of Iraq

 
Key Information
Capital   Baghdad
Population   39.3 million
Area   441,839 sq km
Currency   Iraqi dinar (1 USD = 1,191 IQD as of 17 July 2020)
Official language   Arabic, Kurdish
Ease of doing business by World Bank   # 172 out of 190 in 2020 (↓1)
Logistics Performance Index by World Bank   # 147 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (26.1%)   Turkey (27.8%)
India (24.8%)   China (25.8%)
South Korea (8.8%)   India (5.5%)

Sources: Economist Intelligence Unit

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Iraq Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Iraq decreased by 47.7% from HK$717 million in 2018 to HK$375 million in 2019. The top three export categories to Iraq were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-59.3%), (2) office machines and automatic data processing machines (+24.0%), and (3) photographic apparatus, equipment and supplies and optical goods; watches and clocks (+32.6%), which represented 94.1% of total exports to Iraq.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Iraqi buyers with payment terms in Irrevocable Letter of Credit (ILC), with the exception of those under sanctions.  In the past 12 months (from July 2019 to June 2020), there was no insured business on Iraq.

 

Please click here to download the charts (PDF format).

 

Last update: 17 July 2020

        
Flag and map of Bahrain

 
Key Information
Capital   Manama
Population   1.5 million
Area   760 sq km
Currency   Bahraini Dinar (1 BHD = 2.65957 USD as of 16 July 2020)
Official language   Arabic
Ease of doing business by World Bank   # 43 out of 190 in 2020 (↑19)
The Global Competitiveness Index by the World Economic Forum   # 45 out of 141 in 2019 (↑5)
Logistics Performance Index by World Bank   # 59 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Saudi Arabia (25.0%)   China (11.4%)
Oman (10.7%)   Australia (7.9%)
UAE (10.5%)   Saudi Arabia (7.3%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Bahrain Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Bahrain decreased by 17.7% from HK$ 852 million in 2016 to HK$ 701 million in 2017. The top three export categories to Bahrain were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-26.5%), (2) power generating machinery and equipment (-53.0%), and (3) office machines and automatic data processing machines (-25.2%), which represented 58.4% of total exports to Bahrain.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Bahrain. The Corporation’s underwriting experience on Bahrain has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from July 2019 to June 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 16 July 2020

          
Flag and map of Myanmar

 
Key Information
Capital   Naypyidaw
Population   54.4 million
Area   676,563 sq km
Currency   Myanmar Kyat (1 USD = 1,373.64 MMK as of 8 July 2020)
Official language   Burmese
Ease of doing business by World Bank   # 165 out of 190 in 2020 (↑6)
Logistics Performance Index by World Bank   # 137 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (31.2%)   China (34.9%)
Thailand (18.0%)   Singapore (17.5%)
Japan (7.7%)   Thailand (12.4%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Myanmar Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Myanmar increased by 1.9% from HK$2,003 million in 2018 to HK$2,042 million in 2019. The top three export categories to Laos were: (1) textile yarn, fabrics, made-up articles and related products (-10.8%), (2) photographic apparatus, equipment and supplies and optical goods; watches and clocks (+78.2%), and (3) telecommunications and sound recording and reproducing apparatus and equipment (-42.1%), which represented 64.8% of total exports to Myanmar..

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Myanmar with the exception of those under sanctions. The Corporation’s underwriting experience on Myanmar has been satisfactory, with no claim payment or payment difficulty case recorded during the past 12 months (from July 2019 to June 2020).<